Ripple’s CTO, David Schwartz, Shares Insights at APEX Conference
Interviewed at the APEX conference in Amsterdam, David Schwartz discussed the importance of user experience via interoperability for mass adoption and how Ripple is contributing to this narrative. Below are the key points discussed in the interview:
Ripple’s Role in Interoperability for Mass Adoption
– EVM sidechain interoperating with the XRP ledger
– XRP ledger serves mainstream applications
– EVM sidechain caters to niche use cases
– Axelar bridge for native cryptocurrency
– XRP bridged through Axelar bridge
Integration of CBDCs by Ripple
– Market shift towards institutional stablecoins
– Slow-moving nature of CBDCs
– Role of stablecoins in building DeFi ecosystems
– Stablecoins essential for DeFi growth
Security Measures by Ripple
– Efforts in brand protection
– Combatting impersonation scams
– Tracking and freezing stolen cryptocurrencies
– Collaboration with auditors for blockchain security
– Third-party audits for security-sensitive code
Ensuring Security and Decentralization
Ripple has implemented several measures to safeguard its network and users while maintaining efficiency and balance in decentralization and security:
– Proactive approach in combating scams
– Shutting down impersonation schemes
– Tracing and freezing stolen assets
– Collaboration with auditors for blockchain security
– Third-party audits for critical code segments
– Continuous efforts in enhancing network security while ensuring functionality and efficiency
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